Bengaluru in top 10 Asian cities for real estate investments

Agencies

June 20, 2019

Bengaluru, Jun 20: India's tech hub Bengaluru is ranked among top 10 Asia-Pacific cities for cross-border investments in real estate, said a leading consulting firm on Wednesday.

"Real estate investment in Bengaluru doubled to $1,600 million (Rs 11,200 crore) in fiscal 2018-19 from $800 million (Rs 5,600 crore) in fiscal 2017-18, said CBRE South Asia Ltd consultant firm from its Asia Pacific investor intensions survey 2019 finding.

Interest in Indian realty sector picked up after the central government framed a law in 2014 to set up the Real Estate Investment Trust (REIT), which brought in market transparency.

"India is among the top five preferred markets in APAC after the city-based property developer Embassy and global private equity firm Blackstone have set up the first REIT in March 2019 as a joint venture in the realty sector," revealed the survey.

The drivers for the new trend are new infrastructure and potential growth opportunities in the market.

"Improved investor sentiment in office assets is likely to make quality buildings as a fund-raising avenue for developers and propel corporations to lease/purchase space in these developments," said the finding.

CBRE Chief Executive Anshuman Magazine said Bengaluru figured as the first Indian city in the list of preferred investment destination, thanks to its global reputation as the home for trans and multi-nationals.

"The tech city with a strong talent base and quality infrastructure is popular for offering investment grade options in office, retail and residential segments," said Magazine on the occasion.

The survey noted greater interest in office properties, followed by industrial and logistics, multi-family, hotels and retail for investment in the APAC region.

"There is also scope for investment in India as rising consumption and growing demand in the logistics sector will attract investors to seek opportunities in the market," added Magazine.

The survey also found Bengaluru as one of the fastest growing cities in India owing to the presence of global players in IT, biotech, pharmaceuticals, manufacturing and other growth sectors.

"Over the past two decades, Bengaluru has transformed to India's aSilicon Valley from being a aPensioners' Paradise' and has become the hub of research and innovation," added the finding.

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

KSCA asks administrative staff to work from home amid corona scare

News Network

March 18,2020

Karnataka, Mar 18: Karnataka State Cricket Association (KSCA) has asked its administrative staff to work from home until further order amid coronavirus outbreak.

KSCA has taken various measures to mitigate the risk of spreading coronavirus. The association had already closed down all section of the sports centre and also given off to all the sports centre staff from March 14.

"Ksca had already closed down all section of the sports centre and also given off to all the sports centre staff w.e.f 14th March 2020. Further to that, now it is decided that most of the KSCA administrative staff will be working from home until further orders," KSCA Treasurer and official spokesperson Vinay Mruthyunjaya said in a statement.

"All the KSCA employees have been advised strictly to be at home and should not travel and be available on phones and mails. However skeleton staff will be deputed at KSCA to make sure ongoing works like grounds maintenance, regular maintenance etc., is not affected," he added.

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Chikkamagaluru reclaims ‘corona-free district’ tag as all 16 patients discharged

coastaldigest.com news network

June 6,2020

Chikkamagaluru, June 6: The Chikkamagaluru district has become free from confirmed cases of COVID-19.

The last two of the 16 covid patients in the district were discharged today after they were treated and tested negative.

P 2765, a 28-year-old man and P 2766, a 38-year-old man were discharged, said Deputy Commissioner Dr Bagadi Gautham. Nine others were discharged from hospital yesterday.

Till May 22, Chikkamagaluru district had not recorded any positive and had remained a green zone till then.

However, with the influx of stranded people from Maharashtra and Delhi, the district had registered 16 covid positive cases.

“As on today, there are no active covid-19 cases in the district. However, we should be attentive and take all the precautionary measurers,” the DC said.

The officer has appealed to the public to maintain social distancing in public places and wear masks.

Comments

Chikkamagaluru has been polluted by the outside people. Homestay business has killed the beauty and simplicity of Chilkamagaluru

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Haj Bhavan is now 400-bed Covid Care Center; 50 patients already under treatment

coastaldigest.com web desk

June 25,2020

Bengaluru, Jun 25: In the wake of unexpected surge in the coronavirus positive cases in Bengaluru, the special task force team assigned with the task of creating Covid Care Centres (CCC) has made elaborate arrangements the Haj Bhavan.

Civic authorities have already shifted around 50 Covid-19 patients to Haj Bhavan.

BBMP Commissioner B H Anil Kumar said on Thursday that due to an increase in the number of cases and due to shortage of beds in hospitals, the Haj Bhavan has been converted into CCC.

Headed by Rajendar Kumar Kataria, Secretary, Horticulture and Sericulture department, the CCC task force has arranged 400 beds at Haj Bhavan.

“The facility at Haj Bhavan has already been made operational. Doctors, nurses, paramedical and house-keeping staff from BBMP have been deployed as per SOPs. All essential equipment, medicines and other facilities have been made available in adequate numbers at the Haj Bhavan,” Kataria explained.

In the second phase, the task force team has identified hostel rooms of seven engineering colleges, which would fetch about 3,200 beds to house asymptomatic Covid-19 patients.

If need arises, the task team in the third and final phase, will consider the facilities such as Palace Grounds, Bengaluru International Exhibition Centre, Indoor Stadiums at Kanteerava and Koramangala to be converted as CCC.

Comments